As CFO for Everything. Com, you are shopping for $5,000$ square feet of usable office space for $25$ of your employees in

Center City, USA. A leasing broker shows you space in Apex Atrium, a $10-$story multitenanted office building. This building

contains $300,000$ square feet of gross building area. A total of $45,000$ square feet is interior space and is nonrentable. The

nonrentable space consists of areas contained in the basement, elevator core, and other mechanical and structural

components. An additional $30,000$ square feet of common area is the lobby area usable by all tenants. The $5,000$ square

feet of usable area that you are looking for is on the seventh floor, which contains $28,000$ square feet of rentable area, and

is leased by other tenants who occupy a combined total of $20,000$ square feet of usable space. The leasing broker

indicated that base rents will be $$30$ per square foot of rentable area.

Required:

a$.$ Calculate total rentable area in the building as though it would be rented to one tenant.

b$.$ Calculate the load factor and common area on the seventh floor only.

c$.$ Calculate the rentable area, including the load factor for common areas on the seventh floor and the total rent that will be

paid by Everything. Com for the coming year if it chooses to lease the space.

d$.$ Calculate the load factor and common area on the seventh floor, assuming that the owner adjusts the load factor for

other common areas in the building.

e$.$ Calculate total rent, assuming that adjusted load factors are applied to usable area for both the common areas in the

building lobby and on the seventh floor.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Calculate the load factor and common area on the seventh floor, assuming that the owner adjusts the load factor for other

common areas in the building.

Note: Do not round your intermediate calculations. Round "load factor" to $2$ decimal places and "common area" to the nearest

whole number.As CFO for Everything. Com, you are shopping for $5,000$ square feet of usable office space for $25$ of your employees in

Center City, USA. A leasing broker shows you space in Apex Atrium, a $10-$story multitenanted office building. This building

contains $300,000$ square feet of gross building area. A total of $45,000$ square feet is interior space and is nonrentable. The

nonrentable space consists of areas contained in the basement, elevator core, and other mechanical and structural

components. An additional $30,000$ square feet of common area is the lobby area usable by all tenants. The $5,000$ square

feet of usable area that you are looking for is on the seventh floor, which contains $28,000$ square feet of rentable area, and

is leased by other tenants who occupy a combined total of $20,000$ square feet of usable space. The leasing broker

indicated that base rents will be $$30$ per square foot of rentable area.

Required:

a$.$ Calculate total rentable area in the building as though it would be rented to one tenant.

b$.$ Calculate the load factor and common area on the seventh floor only.

c$.$ Calculate the rentable area, including the load factor for common areas on the seventh floor and the total rent that will be

paid by Everything. Com for the coming year if it chooses to lease the space.

d$.$ Calculate the load factor and common area on the seventh floor, assuming that the owner adjusts the load factor for

other common areas in the building.

e$.$ Calculate total rent, assuming that adjusted load factors are applied to usable area for both the common areas in the

building lobby and on the seventh floor.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required B

Calculate total rent, assuming that adjusted load factors are applied to usable area for both the common areas in the building

lobby and on the seventh floor.

Note: Do not round your intermediate calculations. Round you final answer to the nearest whole dollar.